EDITORIAL DEAR READER We are proud to present the sixth edition of the First Vienna Residential Market Report in 2018, a joint publication by BUWOG Group and EHL Immobilien. The Mercer study has named Vienna as the city with the highest quality of life for the eighth time in a row, and it comes as no surprise that the Austrian capital faces a continuously increasing population with projections at around two million inhabitants by the year 2025. This development stems from the increasing attractiveness of urban areas as well as from immigration, but also from the ageing population demographic and increasing trend towards single households. As a result, demand has been outstripping supply on the Viennese housing market for years, a tendency that is still rising at ”Looking into the future, we are also looking closely into the needs placed on an apartment by upcoming generations.” a shortfall of more than ten thousand residential units per annum. Other factors include cheap credit and low interest rates further stoking demand. Promoting residential construction will be inevitable to counter this on- going trend, especially towards the outskirts. However, developers face issues such as land scarcity and lengthy rezoning procedures in Vienna. Looking into the future, we are also looking closely into the needs and demands that will be placed on the apartment of the future – whether Generation Y and future generations, or intergenerational and barrier-free living. Digitalisation and changing values will play a signiﬁcant role in sustainable planning and in construction too. This and progress in au- tonomous driving are developments with a major impact on properties. We at the BUWOG Group and EHL Immobilien have done our best to ensure that our customers and the residents of Vienna enjoy adequate housing with correspondingly high quality of living at the state of the art not just now, but in the future: residential property not only meets basic human needs, but also plays a major economic role in employment, innovation and growth as reﬂected not only in burgeoning market demand. This makes it all the more important for major players in the property market to shoulder their responsibility. BUWOG Group is one of the largest developers in Vienna and EHL Immo- bilien is one of the leading real-estate service companies in Austria. As such, we place a lot of importance on passing on our expertise and experience in the housing market while providing a summary of the developments in the property market in this report. The report contains speciﬁc factors, perspectives and new developments in all twenty-three districts of Vienna. We wish you a rewarding read with the First Vienna Residential Market Report 2018. YOURS SINCERELY Mag. Daniel Riedl FRICS CEO BUWOG AG Andreas Holler, BSc Managing Director of BUWOG Mag. Michael Ehlmaier FRICS Managing Director and shareholder of EHL Immobilien DI Sandra Bauernfeind MRICS Managing Director of EHL residential property department

03 First Vienna Residential Market Report | 2018 INTRODUCTION OUR MOTIVATION THE FIRST VIENNA RESIDENTIAL MARKET REPORT is now in its sixth edition in 2018 since its ﬁrst appearance in 2013. This makes us especially proud at BUWOG Group and EHL Immobilien, as our ex- perience and knowledge in the real-estate sector as market experts will enable us to give a full insight into the Viennese housing market. THE CURRENT EDITION of the First Vienna Residential Market Report will again see the BUWOG Group, as the most active developer, and EHL Immobilien, as one of the largest housing services, pool our entire knowledge of the ﬁeld. We have included the main Sinus Milieus® prevailing in the districts as collected by INTEGRAL Markt und Meinungs- forschungsges.m.b.H. so as to represent social developments in Vienna as well. Development is an important keyword here: how will the Viennese housing market develop? We’ve asked Christiane Varga from the Zukunftsinstitut institute of future studies about it. THIS REPORT – like those from previous years – distinguishes itself from other market reports and studies by only listing ﬁnal purchase prices or rents as opposed to prices offered. This enhances the validity of the First Vienna Residential Market Report. As an annual publication, the report is also in a position to compare ﬁgures for Vienna and its districts. ALL INFORMATION USED corresponds to the current state of aware- ness and the latest data. The statistical information that the report draws on comes from Statistics Austria (the state statistics ofﬁce) and the City of Vienna (MA 23 – Economics, Labour and Statistics).

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04 EINLEITUNG BUWOG GROUP THE BUWOG GROUP is the leading full-service supplier to the residential housing sector in Germany and Austria with sixty-six years of experience in the property market. The Group’s high-quality portfolio currently includes around 49,000 units distributed across Germany and Austria. OUR HISTORICALLY DEVELOPED BUSINESS MODEL builds on three strategically valuable business areas: new project development for the market or transfer to the existing BUWOG portfolio (property development), value-oriented sales of individual apartments, properties or portfolios (property sales), and asset management form a closed value-added cycle that is the core business of BUWOG Group. BUWOG AG shares have been listed at the stock exchanges in Frankfurt, Vienna, and Warsaw since the end of April 2014. ACTIVE IN EVERY ASPECT OF CONSTRUCTION AND HOUSING – we use our wide-ranging, long-standing expertise as a solid basis in serving our customers every day. Awards in project development, sustainability, and the ﬁnancial markets stand witness to the successful activity of the BUWOG Group, both in real estate and on the capital markets, and showcase the capability, commitment, and professionalism shared by more than seven hundred employees. We focus on the three largest German-speaking cities of Berlin, Hamburg, and Vienna, and see great importance in the positive synergy effects of networking our three business divisions. WE AIM TOWARDS INNOVATIVE state-of-the-art housing quality in develop ing all our residential projects from planning through to manage- ment, as it forms the basis for the essential purpose: living satisfaction. × BUWOG Group

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05 EHL IMMOBILIEN EHL IMMOBILIEN was founded in 1991, and has come to be one of Austria’s leading residential property service suppliers specialising in res- idential, commercial, and investment properties. Our range of services extends from estate agency services and property valuation to property and construction administration; asset, centre and portfolio manage- ment; and market research and investment banking. EHL IMMOBILIEN ARRANGED tenancy, sale and investment transac- tions for 970 residential units and approximately 46,000 m² of ofﬁce space amounting to a total transaction volume of around 1.6 billion euros in 2017. The rapidly growing property valuation segment has an annual volume of more than 11 billion euros; in addition, EHL manages properties in various asset classes at a total ﬂoor space of around 1.85 million square metres. Partnership with the Savills global real estate company has secured a global network for EHL. OUR RESPONSIBLE RELATIONSHIPS WITH CUSTOMERS and partners have been conﬁrmed in several awards. Six EHL executives have been awarded a total of eight CÄSAR awards for outstanding achievements in property by the Fachverband der Immobilien- und Vermögenstreuhän- der national property and asset administration association in the WKO Aus- trian Economic Chambers. In addition, EHL has been conferred the IMMY Award eight times – this is the deﬁnitive quality award amongst Viennese real estate agents. EHL WAS THE FIRST AUSTRIAN COMPANY to be certiﬁed ac- cord ing to the European EN 15733 2011 standard for estate agents. As a founding member of ÖGNI, we act according to social interests in harmony with environmental, economic, and social factors. EHL Immobilien Manage- ment has been a member of the EHL Group since 2014, and was certiﬁed for property management according to ISO 9001 in 2017. This ensures maximum quality standards and transparency towards our customers and partners. × EHL Immobilien

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First Vienna Residential Market Report | 2018 06 HOUSING MARKET OWNERSHIP STRUCTURE IN 2017 AROUND 900,000 APARTMENTS IN VIENNA count as inhabited, with around 75% of households living in rented accommodation – an extraordinary housing market compared to the other eight Austrian federal states. Of these 700,000 or so rented apartments, around 400,400 are owned by the City of Vienna or non-proﬁt housing associations. People living in owner-occupied apartments occupy a roughly equal share in Vienna and Austria; this share is rather low compared to other forms of housing, while still remaining largely stable. Naturally, most Austrians prefer to live in single-family homes, and this is the main household form across the country – as opposed to Vienna, where this share of households is very low. × HOUSING STOCK 2017 VIENNA AUSTRIA TOTAL PRIMARY RESIDENCES approx. 910,000* approx. 3,875,000* OWNERSHIP ABSOLUTE FIGURES ABSOLUTE FIGURES HOUSE OWNER-OCCUPIERS APARTMENT OWNER-OCCUPIERS MAIN TENANTS (COLLECTIVE) PRIVATE INDIVIDUALS AND LEGAL ENTITIES PUBLIC CORPORATIONS NOT-FOR-PROFIT HOUSING COOPERATIVES SUBLEASES AND OTHER LEASE ARRANGEMENTS 54,600 118,300 700,700 300,300 218,400 182,000 36,400 1,472, 500 426, 250 1,627, 500 697, 500 310, 000 620, 000 348, 750 * Source: Statistics Austria (new extrapolation method as of the 2014 Microcensus), own calculations

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First Vienna Residential Market Report | 2018 08 HOUSING MARKET DEMOGRAPHICS OF AUSTRIA AS AT JANUARY 1, 2017, Austria was home to 8,772,865 people, of whom 5,429,623 were between 20 and 64 years old. According to the latest forecasts, the population of Austria is expected to reach the 9 million mark in 2022. × DEMOGRAPHIC OUTLOOK FOR AUSTRIA AGE PROFILE OF POPULATION AS AT JANUARY 1, 2017 1,717,725 0 – 19 YEARS 1,625,517 > 65 YEARS 5,429,623 20 – 64 YEARS 2016 TO 2070 8,739,806 9,869,542 Population 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 0 2000 2005 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060 2065 2070 Year FORECAST →→ Nine million people will be living in Austria by 2022. →→ By 2070, the population of Austria is expected to rise to 9,869,542 people. →→ This corresponds to an increase of nearly 13% from 2016 to 2070. →→ By 2070, around 28.5% of the population will be 65 years or over, up from 18.5% in 2016. →→ The number of people living in Austria below the age of 20 will continue to drop gradually, from 19.6% in 2016 to 19.0% by 2070. →→ At the start of 2017, the average age of the people living in Austria was 42.5 years.

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09 First Vienna Residential Market Report | 2018 HOUSEHOLDS IN AUSTRIA THE AVERAGE HOUSEHOLD SIZE of the around 3,865,000 private households in Austria was 2.22 people in 2016. The trend towards small households continues, with the ﬁgure being similar to that of 2015. In 1985, the average household size was 2.67, while experts predict that this ﬁgure will drop to 2.08 by 2080. × PRIVATE HOUSEHOLDS FORECAST FOR SINGLE AND MULTIPLE-PERSON HOUSEHOLDS IN AUSTRIA 2015 TO 2080 Households in % 80 70 60 50 40 30 20 10 0 62.81% 58.15% 37.19% 41.85% 2015 2080 SINGLE-PERSON HOUSEHOLDS Year MULTIPLE-PERSON HOUSEHOLDS FORECAST →→ The number of single-person households is still growing rapidly. →→ From 2015 to 2080, the number of single-person households is expected to increase by 38.44% (from 1,413,285 to 1,956,656). →→ Over the same time period, the number of private households with more than one person is expected to rise by only 13.88% (from 2,387,037 to 2,718,522). →→ From 2015 to 2080 the total number of private households is expected to rise by almost 23.02% (from 3,800,322 to 4,675,189). →→ The predicted average household size for 2080 is around 2.08 persons.

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First Vienna Residential Market Report | 2018 10 HOUSING MARKET DEMOGRAPHICS OF VIENNA AS AT JANUARY 1, 2017, the population of Vienna was 1,867,582. Of these, 308,687 people were older than 65, and 359,985 were younger than 20 years of age. Current forecasts predict that the population of the capital will reach the 2 million mark in 2025. × DEMOGRAPHIC OUTLOOK FOR VIENNA AGE PROFILE OF POPULATION AS AT JANUARY 1, 2017 2016 TO 2070 1,853,140 2,238,539 Population 2,000,000 1,750,000 1,500,000 1,250,000 1985 1995 2005 2015 2030 2040 2050 2060 2070 Year 359,985 0 – 19 YEARS 308,687 > 65 YEARS 1,198,910 20 – 64 YEARS FORECAST →→ By 2025, Vienna will have a population of more than 2 million. →→ By 2070, the population of the city is expected to reach 2,238,539. →→ This corresponds to an increase of nearly 21% from 2016 to 2070. →→ By 2070, around 23.4% of the city‘s population will be 65 years or over, up from 16.6%. →→ The number of people in Vienna below the age of 20 will increase only gradually, from 19.2% today to 20.0% by 2070. →→ On January 1, 2017, the average age in Vienna was 40.3 years (41.7 for women and 38.8 for men).

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11 First Vienna Residential Market Report | 2018 HOUSEHOLDS IN VIENNA VIENNA HAD AROUND 901,900 HOUSEHOLDS with an average household size of just 2.01 persons in 2016. The households in Vienna account for just below a quarter of all households in Austria. × PRIVATE HOUSEHOLDS FORECAST FOR SINGLE AND MULTIPLE-PERSON HOUSEHOLDS IN VIENNA 2015 TO 2080 Households in % 60 50 40 30 20 10 0 54.62% 52.88% 45.38% 47.12% 2015 2080 SINGLE-PERSON HOUSEHOLDS Year MULTIPLE-PERSON HOUSEHOLDS FORECAST →→ Between 2015 and 2080, the number of single-person households will increase by more than 32.19% (from 402,499 to 532,052). →→ Over the same period, the number of multiple-person households is expected to rise by more than 22.18% (from 484,599 to 592,078). →→ From 2015 to 2080, the number of private households will increase by more than 27.28% (from 887,098 to 1,129,130). →→ It is expected that there will be more than 1 million households in Vienna by 2030. →→ The predicted average household size for 2080 is 1.95 persons.

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First Vienna Residential Market Report | 2018 12 FUTURE RESEARCH LIVING IN THE WORLD OF TOMORROW THE FUTURE OF HOUSING IS VERSATILE, FLEXIBLE AND INDIVIDUAL Which particular target groups merit particular consideration in the future? TWO GROUPS WILL BE ALTERING the face of housing especially heavily in the future: the famous Generation Y and the “young at heart”. Members of Generation Y have grown up in a digital, networked, globalised world, and have been the main drivers of new social sharing forms that already exist in major cities today – co-working, co-living, co-gardening. This began with the fundamental concept of a sharing economy based on digital networking supported by the principle of “using instead of owning”. Homes and neighbourhoods provide child care, elderly care, and community gardens through intelligent utilisation in apartment blocks and residential estates. The future living environ- ment will be a heterogeneous mix of different groups of individuals with freely formed family structures. In particular, this also applies to the growing group of the “young at heart”. What will the apartment of tomorrow be like? THE FUTURE WILL SEE US talking more about living rather than housing. We live in ever increasingly crowded cities with growing pres- sure on prices and quality housing; we will need to rethink our functional relationship with housing, not only our emotional relationship with it. The drive towards more ﬂoor area will diminish in favour of shared spaces. Neighbourhood quality and the amount of shared space available will play decisive roles. This might be a community kitchen, a library on the ground ﬂoor, or a gym for the residents in an apartment block. Is there a co-working space available? Does the residents’ community do co-gardening? Gradually hiving off living comfort into the public and semi-public domain is not only an effective economic step, but also a necessity for social communications. Single households are increasing in numbers at a share of more than ﬁfty percent in some cities. We will become an increasingly lonely society if we don’t share. What will be the challenges for the housing of tomorrow? MAJOR CHALLENGES in the coming decades will be population growth, progressive ageing, and growing urbanisation, together with an increasing variety of ways of living. Cities cannot grow in height and width to an inﬁnite degree, but the way we use buildings will change: hybridity, heterogeneity, and ﬂexibility will be the major construction trends in the coming years. Cities will need relief for them to be liveable again, and this will be most effective when living in the outskirts gains attractiveness. A variety of mobility options promising a high level of quality service will ensure this, options such as self-driving minibuses in public transport, car sharing, and carpooling. × Christiane Varga Housing trend researcher & freelance writer at the Vienna Zukunftsinstitut institute of future studies H b m G e h p a r g o i t o h P n e p p o J n i t r a M : o t o h P

First Vienna Residential Market Report | 2018 14 UPPER CLASS ESTABLISHED POSTMATERIALISTS The performance-oriented elite with a strong anchorage in tradition – strongly focused on status, exclusiveness, responsibility, and leadership. Furnishings often skilfully combine tradition and modernity with a keen sense of style, placing value on outward appearance expressing distinction and connoisseurship. Open-minded social critics – intellectual, educated milieu, interested in variegated aspects of culture; cosmopolitan orientation, but critical towards globalisation; socially commited. Home styles are dominated by a sense of nature and authenticity while eschewing ostentatious- ness and excess. Distinction from the mainstream and convention alism plays a crucial role in this social group. HIGH ACHIEVERS DIGITAL INDIVIDUALISTS The ﬂexible and globally oriented performance elite – individual performance, efﬁciency, and success take top priority; competent in business and IT. Home styles reﬂect a penchant for open, spacious interior designs with a view to outward appearance and making a statement in a lifestyle reﬂecting contemporary attitudes. The individualistic, networking, digital avant-garde – men- tally and geographically mobile, cross-linked online and ofﬂine, permanently looking for new experiences. The home is creatively designed with deliberately unconventio- nal highlights while integrating elements reﬂecting a sense of ironic conventionalism to showcase non-conformism.

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15 First Vienna Residential Market Report | 2018 THE NEW CENTRE NEW MIDDLE CLASS ADAPTIVE-PRAGMATISTS The adaptive mainstream – seeking professional and social establishment, secure and harmonic circumstances, support and orientation, peace and a slow pace. Members of this group prefer conventional or neo-rustic aesthetics in a friendly, yet digniﬁed outward appearance without stylistic extravagance; order and cleanliness are paramount. The young pragmatic middle stratum – pronounced life- pragmatism, strong desire for anchorage, membership, security, performance orientation, but also the wish for fun and entertainment. The prevailing lifestyle is either trendy or quiet and down-to-earth, practical and expedient. THE MODERN LOWER CLASS CONSUMPTION ORIENTED ESCAPISTS The materialistic lower class striving for participation – sense of discrimination, resentments, and pronounced fears of the future; striving to stay connected with the consumption standards of the middle class. This group displays a yearning for wealth, luxury, and prestige, often with demonstrative shows of modern technology in an attempt to showcase an intact middle-class home. The modern lower middle class, living for the excitement of the moment – seeking fun and amusement; rejection of traditional standards and conventions. The aesthetic of heavy stimuli dominates with a zest for provocation and challenging taboos. Convenience plays a major role – everything within easy reach for an easy-going life.

First Vienna Residential Market Report | 2018 20 1020 LEOPOLDSTADT THE ISLAND located between N AMED AFTER EMPEROR LEOPOLD I, Leopoldstadt is the Donaukanal (Danube Canal) and the Danube, creating an island, together with the Twentieth District. The district used to have areas prone to ﬂooding, dams, and canals; today, the main topology consists of densely Augarten Karme- liter - viertel Nord- bahnhof U Praterstern U Schottenring Stuwer- viertel U Schwedenplatz WU- Campus/ Messe Hauptallee U Stadion Handelskai U Donaumarina Praterkai interspersed with extensive developed urban neighbourhoods green spaces. In addition to the Prater, the Augarten in particular provides one of the oldest and most culturally important baroque gardens of the city with 52.2 hectares and extensive recreational facilities. × SPECIAL FEATURES OF DISTRICT LEOPOLDSTADT GAINING URBANITY The Second District features a central location close to the adjoining First District. The large urban development area around the Nord- bahnhof railway station and Prater (university campus and trade fair ground) and Lassallestraße have developed positively, as did the popular neighbourhoods Stuwerviertel, Karmeliterviertel, and the Augarten area in previous years. HOT SPOTS HOUSING COSTS (PRICE/m2) OWNER-OCCUPIED FIRST OCCUPANCY OTHER .............................................. € 5,100 / m2 ................................................................ € 3,600 / m2 RENTED FIRST OCCUPANCY OTHER ............................................... € 11.80 / m2 ................................................................... € 10.00 / m2 INVESTMENT PROPERTY ............... € 1,450 to € 3,250 / m2 In this district, 696 changes of ownership were registered in the land registry in 2017, with a total sales value of approx. € 174 million.

First Vienna Residential Market Report | 2018 22 1030 LANDSTRASSE THREE TIMES AS GOOD T HE FIRST CITY EXPANSION in 1850 saw the suburbs Erdberg, Landstraße und Weißgerber merge into the Third Dis- trict. Landstraße now counts as an extension to the city centre with Rochusmarkt as the district’s own bustling focal point. Even so, the district is full of stark contrasts from the venerable Viennese working-class neighbourhoods to the elegant Embassy Quarter and vibrant shopping streets up to St. Marx, a newly developed centre for research, media, and housing. × Weißgerberlände U Landstraße Stadtpark U Stadtpark U Rochusgasse SPECIAL FEATURES OF DISTRICT AROUND ROCHUSMARKT Rochus- markt U Kardinal-Nagl-Platz Landstraßer Hauptstraße Rennweg Erd- berger Lände U Schlachthausgasse Rennweg Eurogate Quartier Belvedere Landstraßer Gürtel St. Marx U Erdberg U Gasometer The Third District beneﬁts from its central location, Belvedere, and Rochusmarkt, a popular place amongst the Viennese. Landstraße is currently under heavy development as reﬂected in the ever-increasing demand. New residential projects in development near the city park include The Ambassy and Am Heumarkt 25 as well as TrIIIple, Landyard, and Ensemble along Erdberger Lände and Donaukanal, the Aspanggründe-Eurogate urban development area and MGC Plaza near St. Marx. HOT SPOTS HOUSING COSTS (PRICE/m2) OWNER-OCCUPIED FIRST OCCUPANCY OTHER .............................................. € 5,150 / m2 ................................................................ € 3,600 / m2 RENTED FIRST OCCUPANCY OTHER .............................................. € 12.20 / m2 ................................................................... € 10.70 / m2 INVESTMENT PROPERTY ............... € 1,700 to € 3,750 / m2 In this district, 1,079 changes of ownership were registered in the land registry in 2017, with a total sales value of approx. € 305 million.

First Vienna Residential Market Report | 2018 24 1040 WIEDEN “ON WIEDEN” W IEDEN BOASTS A HISTORY GOING back centuries, and is currently one of the most urbane districts of Vienna. The districts Margareten and Favoriten developed from it around a century and a half ago. Even with the Fourth District’s dense settlement and the paucity of green areas, the district still offers everything anyone could wish for in the way of cultural highlights, including Otto Wagner Pavillon, RadioKulturhaus, and Wien Museum. Karlsplatz is not only a hub for the city’s metro system, it is also home to Vienna University of Technology and the Karlskirche Church of St. Charles. × HOT SPOTS U Karlsplatz Frei- haus- viertel Argen- tinier- straße Prinz-Eugen-Straße U Taubstummengasse Favoritenstraße Süd- tiroler Platz U Südtiroler Platz Hauptbahnhof SPECIAL FEATURES OF DISTRICT LIVING IN THE EMBASSY QUARTER The Fourth District’s proximity to the inner city and good links to the new Hauptbahnhof main railway station have stoked demand for the district. Apart from the most popular hot spot, Freihausviertel, the area around the new main railway station and Südtiroler Platz have gained in attractiveness. Luxurious individual projects aimed at more well-healed clients are in development in the revitalised Palais and the hidden courtyards along Argentinierstraße. HOUSING COSTS (PRICE/m2) OWNER-OCCUPIED FIRST OCCUPANCY OTHER ............................................. € 5,300 / m2 ................................................................ € 3,800 / m2 RENTED FIRST OCCUPANCY OTHER .............................................. € 13.00 / m2 .................................................................... € 11.00 / m2 INVESTMENT PROPERTY ............... € 1,900 to € 3,800 / m2 In this district, 243 changes of ownership were registered in the land registry in 2017, with a total sales value of approx. € 112 million.

First Vienna Residential Market Report | 2018 26 1050 MARGARETEN INTERNAL DIVERSITY K NOWN AS A FORMER WORKING-CLASS DISTRICT, Margareten has become a hip area with plenty of start- ups. However, this is the only district within the Vienna Beltway (“Gürtel”) that does not adjoin the inner city. Margareten may be one of the districts with the highest population density, but it does have a number of parks and green spaces. The coming years will see the U2 metro line extended, improving public transport network services in the district. × SPECIAL FEATURES OF DISTRICT UPWARD TREND Margareten beneﬁts from the adjoining Naschmarkt and neighbour- hoods on Kettenbrückengasse and Margaretenplatz, and good public transport connections with the U4 metro line. Extending the U2 metro line has increased demand around Matzleinsdorfer Platz as well. A larger housing project in the development phase on Siebenbrunnen- gasse is due to be completed in 2020. HOT SPOTS Nasch - markt U Kettenbrückengasse U Pilgramgasse Margare- tenplatz U Margartengürtel Reinprechtsdorfer Straße Wiedner Hauptstraße Matzleinsdorfer Platz HOUSING COSTS (PRICE/m2) OWNER-OCCUPIED FIRST OCCUPANCY OTHER ............................................. € 4,450 / m2 ................................................................ € 3,500 / m2 RENTED FIRST OCCUPANCY OTHER ............................................... € 11.70 / m2 ................................................................... € 10.40 / m2 INVESTMENT PROPERTY ............... € 1,500 to € 2,700 / m2 In this district, 419 changes of ownership were registered in the land registry in 2017, with a total sales value of approx. € 108 million.

First Vienna Residential Market Report | 2018 28 1060 MARIAHILF ENJOYABLE LIVING A T AN AREA OF 1.48 SQUARE KILOMETRES, Maria- hilf is the second smallest district in Vienna. Even so, Mariahilf has a lot to offer for residents: apart from its proximity to downtown and good public transport links, the district is home to exten- sive shopping opportunities on Mariahilfer Straße and around Gumpen- dorfer Straße. The district’s highlight is Naschmarkt: the largest deli market in the city is a permanent ﬁxture for locals and visitors looking to enjoy national and international delicacies. A landmark in Mariahilf, the former anti-aircraft tower is now home to the Haus des Meeres aqua- terra zoo. × HOT SPOTS SPECIAL FEATURES OF DISTRICT U Museumsquartier Mariahilfer Straße Getreide- markt MANY ROADS LEAD TO MARIAHILF Maria - hilfer Straße U Zieglergasse U Neubaugasse Gumpen- dorfer Straße Nasch - markt Mariahilfer Straße Gumpendorfer Straße U Kettenbrückengasse U Westbahnhof U Pilgramgasse The reconstructed Mariahilfer Straße seems to be developing well after initial teething troubles. Residents and the local scene alike beneﬁt from trafﬁc calming installed on and around Mariahilfer Straße. The planned extension to the U2 and U5 metro lines will further enhance the district’s attractiveness as reﬂected in demand along Gumpen- dorfer Straße and around Haus des Meeres up to Getreidemarkt. U Gumpendorfer Straße U Margartengürtel HOUSING COSTS (PRICE/m2) OWNER-OCCUPIED FIRST OCCUPANCY OTHER .............................................. € 5,100 / m2 ................................................................. € 3,650 / m2 RENTED FIRST OCCUPANCY OTHER .............................................. € 13.00 / m2 .................................................................... € 11.00 / m2 INVESTMENT PROPERTY ............... € 1,800 to € 3,800 / m2 In this district, 250 changes of ownership were registered in the land registry in 2017, with a total sales value of approx. € 82 million.

First Vienna Residential Market Report | 2018 30 1070 NEUBAU THE HIP DISTRICT T HE SEVENTH DISTRICT counts as the epicentre of the creative scene as reﬂected in the trendy pubs and shops set up by many young designers. The Museumsquartier museum quarter nestled in the former imperial stables has established its place as a highly frequented cultural attraction. The district’s excellent public transport links and proximity to the university make the district particu- larly attractive to students. The preserved Wilhelminian-style buildings dominate the district’s architecture. × SPECIAL FEATURES OF DISTRICT U Thaliastraße VIENNESE SOHO The district is still highly popular amongst the creative scene and a youthful population with unbroken interest in new ideas and developments. The new residential high-rise project on the site of the former Kurier building located within walking distance from Mariahilfer Straße is the most interesting development. Hot spots encompass the highly frequented area around Museumsquartier, Spittelberg, and Neubaugasse. Burggasse U Volkstheater Spittel- berg Muse- ums- quartier U Burggasse-Stadthalle Siebensterngasse Neubau- gasse Mariahilfer Straße Schottenfeldgasse U Neubaugasse U Zieglergasse U Westbahnhof HOT SPOTS HOUSING COSTS (PRICE/m2) OWNER-OCCUPIED FIRST OCCUPANCY OTHER .............................................. € 5,700 / m2 ................................................................ € 4,400 / m2 RENTED FIRST OCCUPANCY OTHER .............................................. € 13.00 / m2 .................................................................... € 11.00 / m2 INVESTMENT PROPERTY ............... € 1,850 to € 3,900 / m2 In this district, 219 changes of ownership were registered in the land registry in 2017, with a total sales value of approx. € 99 million.

First Vienna Residential Market Report | 2018 32 1080 JOSEFSTADT WILL PLAY ANY PIECE J JOSEFSTADT IS THE SMALLEST district in Vienna, and also one of the most densely built. Even with the limited space available, the district has many open squares such as Albertplatz, Bennoplatz, Piaristenplatz with plenty of bars and restaurants to stop at. The district centres on its theatre, Theater in der Josefstadt, the oldest still existing theatre in Vienna. The little sister of the Seventh District, Josefstadt has plenty of schools and lies in close proximity to the University of Vienna, but also has more bars, more students, and slightly more Biedermeier-style ﬂair. × HOT SPOTS SPECIAL FEATURES OF DISTRICT Alser Straße SMALL IS BEAUTIFUL U Josefstädter Straße Josefstädter Straße Laudon- gasse Josef- städter Straße Lange Gasse Floriani- park U Rathaus The Eighth District of Vienna at 1.1 km² lies between the First District and the Vienna Beltway (“Gürtel”). The recently completed “Das Hamerling” prestige project provides maximum exclusivity right in the midst of the Eighth District, and other residential buildings with solid struc tures are being revitalised and ﬁtted out into luxury lofts. The hot spots in the district mainly include the alleyways near the old AKH hospital such as Laudongasse and Lange Gasse, but also Josefstädter Straße and Albertgasse with the adjoining Florianigasse. Lerchenfelder Straße HOUSING COSTS (PRICE/m2) OWNER-OCCUPIED FIRST OCCUPANCY OTHER ............................................. € 6,000 / m2 ................................................................ € 4,400 / m2 RENTED FIRST OCCUPANCY OTHER .............................................. € 13.00 / m2 .................................................................... € 11.30 / m2 INVESTMENT PROPERTY ............... € 2,150 to € 4,000 / m2 In this district, 187 changes of ownership were registered in the land registry in 2017, with a total sales value of approx. € 60 million.

First Vienna Residential Market Report | 2018 34 1090 ALSERGRUND CANALE GRANDE L IKE THE SEVENTH AND EIGHTH DISTRICTS, Alsergrund is dominated by universities, students, and a varied nightlife, for instance along Donaukanal. There is a variety of cultural events at the WUK cultural centre, Volksoper, and Palais Liechtenstein with the Liechtensteinmuseum. Alsergrund borders on seven other districts, and is an ideal base for shopping and sightseeing tours in Vienna. Another highlight: the Strudlhofstiege staircase made world-famous by Heimito von Doderer. × HOT SPOTS U Spittelau U Nussdorfer Straße Nussdorfer Straße Franz- Josefs- Bahnhof U Währinger Straße U Michelbeuern-AKH U Alser Straße Währinger Straße Altes AKH Alser Straße U Friedensbrücke Franz-Josefs-Bahnhof Donau- kanal U Roßauer Lände Serviten- viertel U Schottenring U Schottentor SPECIAL FEATURES OF DISTRICT VERSATILITY IS KEY Art, culture, education, and water – Alsergrund has it all. The district has always been immensely popular, and not only among students. Current residential projects such as on Althangründe, Franz Josef Station, and other projects along Liechtensteinstraße, some with revitalisation, have further enhanced the district’s value. The most popular hot spots in the district include Servitenviertel, the old AKH hospital, and the area along Donaukanal. HOUSING COSTS (PRICE/m2) OWNER-OCCUPIED FIRST OCCUPANCY OTHER .............................................. € 5,700 / m2 ................................................................. € 4,100 / m2 RENTED FIRST OCCUPANCY OTHER .............................................. € 12.80 / m2 ..................................................................... € 11.10 / m2 INVESTMENT PROPERTY ............... € 1,850 to € 3,800 / m2 In this district, 394 changes of ownership were registered in the land registry in 2017, with a total sales value of approx. € 164 million.

First Vienna Residential Market Report | 2018 36 1100 FAVORITEN CITY IN A CITY F AVORITEN IS THE most heavily populated district in Vienna. Some two hundred thousand inhabitants live here, which is why the Tenth District is known for its diversity of people, languages, and cultures. Viktor-Adler-Markt still sports an authentic Favoriten ﬂair, while modern residential areas such as Sonnwendviertel and Quartier Belvedere are located around the Hauptbahnhof main station, and exten- sive recreational and leisure facilities on the Wienerberg and Laaer Berg hills as well as in the Oberlaa spa gardens. The U1 metro line has served the southern district boundary since September 2017, and an extension to the U2 line is also in planning. × HOT SPOTS SPECIAL FEATURES OF DISTRICT OUT OF THE CITY AND INTO NATURE A ﬁfteen-minute ride from Stephansplatz to Oberlaa is all it takes in the U1 metro line available since the autumn of 2017. This is also attractive to many developers aiming towards building new residential properties on the outskirts of Vienna. The Am Wienerberg development accessible by the new U2 extension includes new housing projects under construction on the former Coca-Cola site. Other hot spots include Sonnwendviertel with the Helmut-Zilk-Park and Belvedere. U Südtiroler Platz Hauptbahnhof Quartier Belve- dere U Sonn- wend- viertel Keplerplatz Reumannplatz U Triester Straße Wiener- berg U Troststraße U Altes Landgut Favoritenstraße U Alaudagasse U Oberlaa Oberlaa HOUSING COSTS (PRICE/m2) OWNER-OCCUPIED FIRST OCCUPANCY OTHER ............................................. € 3,800 / m2 ................................................................ € 2,500 / m2 RENTED FIRST OCCUPANCY OTHER .............................................. € 10.70 / m2 ..................................................................... € 9.00 / m2 INVESTMENT PROPERTY ................ € 1,100 to € 2,150 / m2 In this district, 1,601 changes of ownership were registered in the land registry in 2017, with a total sales value of approx. € 311 million.

First Vienna Residential Market Report | 2018 38 1110 SIMMERING THE UNDERESTIMATED DISTRICT numerous cenotaphs and Art Nouveau buildings, Schloss Neugebäude palace with its open-air cinema in the summer, and Alberner Hafen har- bour with the cemetery of the nameless where unknown victims of the Danube have been laid to rest. × SPECIAL FEATURES OF DISTRICT WHERE INDUSTRY AND NATURE MEET The district beneﬁts from moderate prices and many new construction projects along Simmeringer Hauptstraße, such as the former Mautner Markhof estate and the area around the Gasometer. Good public transport links to the city centre and proximity to the countryside enhance the Eleventh District’s value. The area around Kaiserebersdorf is still very popular. S IMMERING MAY BE KNOWN AS A CLASSICAL indus- trial working-class district, but also has a high proportion of agricultural land known to the Viennese as the Simmeringer include Vienna’s central cemetery with Haide. Main attractions U Gasometer U Zippererstraße U Enkplatz Geiselbergstraße U Simmering Grillgasse Linie U3 A4 Simmeringer Hauptstraße Kaiser- ebers - dorf Kaiserebersdorf HOT SPOTS HOUSING COSTS (PRICE/m2) OWNER-OCCUPIED FIRST OCCUPANCY OTHER ............................................. € 3,200 / m2 ................................................................. € 2,100 / m2 RENTED FIRST OCCUPANCY OTHER ................................................ € 9.70 / m2 ..................................................................... € 8.70 / m2 INVESTMENT PROPERTY ................ € 1,050 to € 1,650 / m2 In this district, 674 changes of ownership were registered in the land registry in 2017, with a total sales value of approx. € 132 million.

First Vienna Residential Market Report | 2018 40 1120 MEIDLING A VIENNESE MARKET M EIDLING HAS both densely developed working-class neigh- bourhoods and village structures, and despite its location on the outskirts, the district also has ideal connections to the city centre. Meidling train station certainly plays a part in this, but so do the many bus, tram, and metro connections. The Wiental cycle path add i- tionally rounds off access to the city centre. Meidlinger Hauptstraße and Meidlinger Markt were redesigned in the last few years, further increasing the attractiveness of the area, densely built as it is. × HOT SPOTS Wien- ﬂuss U Schönbrunn U Längenfeldgasse U Meidling Hauptstraße Grünbergstraße U Niederhofstraße Meid- linger Haupt- straße U Philadelphiabrücke Meidling Wienerbergstraße U Tscherttegasse Alt- Hetzen- dorf Hetzendorfer Straße Hetzendorf manns- dorf U Am Schöpfwerk SPECIAL FEATURES OF DISTRICT DOWN SOUTH The district beneﬁts from the River Wien, Meidlinger Markt and Meidlinger Hauptstraße, excellent public transport (U4 and U6 metro lines), and the southbound motorway connection. The area around Arndtstraße leading to Meidlinger Markt as well as the area around Meidlinger Markt metro station near the Schönbrunn palace gardens have seen highly favourable development. Hot spots include the area around Meidling regional train station, Meidlinger Hauptstraße, Hetzendorf, Altmannsdorf, and the area along the River Wien. HOUSING COSTS (PRICE/m2) OWNER-OCCUPIED FIRST OCCUPANCY OTHER .............................................. € 3,900 / m2 ................................................................. € 2,900 / m2 RENTED FIRST OCCUPANCY OTHER ............................................... € 11.00 / m2 ..................................................................... € 9.80 / m2 INVESTMENT PROPERTY .............. € 1,200 to € 2,200 / m2 In this district, 1,031 changes of ownership were registered in the land registry in 2017, with a total sales value of approx. € 234 million.

First Vienna Residential Market Report | 2018 42 1130 HIETZING REGAL GREEN S CHLOSS SCHÖNBRUNN palace became a centre of court life at the behest of Maria Theresa, turning the area in and around Hietzing into the exclusive uptown district it is now. Egon Schiele and Gustav Klimt are amongst the names that called this district home. Hietzing is Vienna’s “greenest” district and features high quality of living and plenty of green space. Various public transport routes provide a solid connection to the city centre, but Hietzing mainly excels in its idyllic setting rather than city life. × SPECIAL FEATURES OF DISTRICT ROYAL FLAIR The district’s well-heeled population reﬂects the royal history of Hietzing to this day, and this also has its effect on housing prices in the district. In particular, the plentiful parkland areas such as Lainzer Tiergarten together with the low trafﬁc density make the district attractive. Heavy demand and high land prices have led to increasing numbers of villa plots being used and developed as apartment buildings. This includes new residential projects in development around Lainzer Platzl. The district‘s hot spots are Alt-Hietzing, Ober St. Veit, and Lainz. Wolf in der Au U Hütteldorf U Ober St. Veit U Unter St. Veit Ober St. Veit HOT SPOTS Lainzer Straße Lainz U Hietzing Alt- Hietzing Preyergasse/Speising Grünbergstraße HOUSING COSTS (PRICE/m2) OWNER-OCCUPIED FIRST OCCUPANCY OTHER ............................................. € 5,500 / m2 ................................................................. € 3,950 / m2 RENTED FIRST OCCUPANCY OTHER .............................................. € 12.80 / m2 ................................................................... € 10.80 / m2 INVESTMENT PROPERTY ............... € 1,650 to € 3,250 / m2 In this district, 450 changes of ownership were registered in the land registry in 2017, with a total sales value of approx. € 138 million.

First Vienna Residential Market Report | 2018 44 1140 PENZING WOODY HEIGHTS T HE FOURTEENTH DISTRICT COMBINES times gone by with city ﬂair, with long-established handicraft businesses along side a modern shopping centre. Apartment buildings and public housing dominate towards the centre of the district, while Wilhelminian-style villas are to be found towards the city limits. The Otto Wagner church is a district landmark visible from afar. Almost half of Penzing consists of woodland offer- ing a wide variety of leisure and recreational activities. The River Wien passes through, the river path serving as a popular route for cyclists and joggers. × HOT SPOTS SPECIAL FEATURES OF DISTRICT GREEN SUBURB Penzing has excellent public transport connections with the U3 and U4 metro lines and the S-Bahn regional rail service from Hütteldorf to the main railway station or Handelskai. The quiet and green suburban area continues to attract increasing numbers of people as reﬂected in project developments such as on Penzinger Straße, at Breitensee, or the former Körnerkaserne barracks. Hot spots in the Fourteenth District include the area around Kennedy Bridge, Wolfersberg, Breitensee, and Auhof. Mauerbachstraße Amundsenstraße Auhof Weidlingau Hadersdorf Wolfers- berg Wolf in der Au Linzer Straße U Hütteldorf Breiten- see U Ober St. Veit Hadikgasse Hütteldorfer Straße Breitensee U Johnstraße Kennedy- brücke Penzing U Hietzing HOUSING COSTS (PRICE/m2) OWNER-OCCUPIED FIRST OCCUPANCY OTHER .............................................. € 4,100 / m2 ................................................................ € 3,000 / m2 RENTED FIRST OCCUPANCY OTHER ............................................... € 11.00 / m2 ................................................................... € 10.20 / m2 INVESTMENT PROPERTY ............... € 1,200 to € 2,250 / m2 In this district, 1,106 changes of ownership were registered in the land registry in 2017, with a total sales value of approx. € 270 million.

First Vienna Residential Market Report | 2018 46 1150 RUDOLFSHEIM FÜNFHAUS ETHNO STYLE H IGH POPULATION DENSITY IN A SMALL AREA – Rudolfsheim-Fünfhaus has seen a variety of initiatives towards upgrading the district, with positive results. Even so, the district has a lot to offer as it is: the ethnic diversity of the population has given rise to intermixed shops such as bakeries and convenience stores with attractive opening times. Most go to Meiselmarkt – Vienna’s only covered market – or Lugner City for shopping. Auer-Welsbach-Park and Schmelz provide nearby recreational opportunities for residents. × Meisel- markt U Johnstraße Nibe- lungen- viertel Hütteldorfer Straße U Schweglerstraße Felberstraße West- bahn- hof U Westbahnhof Linzer Straße Rustengasse Reindorf-/ Rusten- viertel Mariahilfer Straße U Gumpendorfer Straße SPECIAL FEATURES OF DISTRICT BUSTLING AND FULL OF LIFE Urban, central and diverse are the best ways of describing the Fifteenth District of Vienna. The area around the civic centre to the north of the Westbahnhof railway station is particularly lively, and this is where a number of new projects have been planned. Recent years have seen the areas south of the Westbahnhof such as the Reindorfviertel, Rustenviertel and Sechshausviertel develop into hip and trendy hot spots. Meiselmarkt and its surroundings are still as popular as ever, though. Reindorfgasse Sechs- haus HOT SPOTS U Schönbrunn Rechte Wienzeile U Längenfeldgasse U Meidling Hauptstraße HOUSING COSTS (PRICE/m2) OWNER-OCCUPIED FIRST OCCUPANCY OTHER .............................................. € 3,750 / m2 ................................................................. € 2,700 / m2 RENTED FIRST OCCUPANCY OTHER .............................................. € 10.90 / m2 ..................................................................... € 9.90 / m2 INVESTMENT PROPERTY ................. € 1,150 to € 2,150 / m2 In this district, 662 changes of ownership were registered in the land registry in 2017, with a total sales value of approx. € 142 million.

First Vienna Residential Market Report | 2018 48 1160 OTTAKRING LONG LIVE DIVERSITY M ULTICULTURALISM AND EVER-GROWING city ﬂair dominate the scene in the working-class district of Ottakring. The Sixteenth District is a melting pot of cultures close to the Vienna Beltway (“Gürtel”), and surrounded by uptown residential areas around Wilhelminenberg hill. Nestled between Lerchenfelder Gürtel and the Wienerwald hills, Ottakring has lively, quaint neighbourhoods such as Brunnenmarkt along with Thaliastraße and Ottakringer Straße high streets with shops, restaurants, and cafés catering to a wide variety of tastes. × SPECIAL FEATURES OF DISTRICT OPPOSITES ATTRACT Ottakring has peaceful exclusive locations to the west in stark contrast to the lively trendy area around Brunnenmarkt, Yppenplatz, and the Ottakringer Brauerei brewery. New project developments are mainly located around Brunnenmarkt and areas near the Vienna Beltway (“Gürtel”), which are in especially high demand among young people. Hot spots include Wilhelminenberg and Gallitzinberg to the west, and the area around Yppenplatz. Wilhel- minen- berg Gallitzin- berg Hernals Hernalser Hauptstraße Wilhelminenstraße HOT SPOTS Thaliastraße U Ottakring U Kendlerstraße U Alser Straße Yppen- platz U Josefstädter Straße U Thaliastraße HOUSING COSTS (PRICE/m2) OWNER-OCCUPIED FIRST OCCUPANCY OTHER .............................................. € 3,900 / m2 ................................................................. € 2,700 / m2 RENTED FIRST OCCUPANCY OTHER .............................................. € 10.90 / m2 ..................................................................... € 9.90 / m2 INVESTMENT PROPERTY ............... € 1,200 to € 2,400 / m2 In this district, 683 changes of ownership were registered in the land registry in 2017, with a total sales value of approx. € 142 million.

First Vienna Residential Market Report | 2018 50 1170 HERNALS SWEET ATMOSPHERE Y OU KNOW YOU’RE IN HERNALS from the sweet baked scent of Manner wafers in the air. The Viennese district of Hernals is the quintessential suburb, with a quiet residential atmosphere and proximity to the Vienna Woods and the city centre. Tram line 43 crosses the entire district, taking in the diversity of its indi- vidual quarters and a rich demographic mix from the apartment buildings near the Vienna Beltway (“Gürtel”) to the local recreation area at Schaf- berg with its uptown villa area. × SPECIAL FEATURES OF DISTRICT CITY AND COUNTRY The Seventeenth District stretches from the Vienna Beltway (“Gürtel”) to Neuwaldegg, bridging the gap between bustling city life and recrea- tional parkland. Hernals will beneﬁt hugely from the planned U5 metro extension to Elterleinplatz. The increased demand and associated price increases also reﬂect in current project developments within this neighbourhood. The district’s hot spots include Elterleinplatz and the quieter outskirts of Neuwaldegg, Dornbach, and Heuberg. Hernalser Hauptstraße Hernals Wattgasse Elterlein- platz U Alser Straße Neu- waldegg Dornbach Heuberg Alszeile HOT SPOTS HOUSING COSTS (PRICE/m2) OWNER-OCCUPIED FIRST OCCUPANCY OTHER ............................................. € 4,000 / m2 ................................................................ € 2,800 / m2 RENTED FIRST OCCUPANCY OTHER .............................................. € 10.90 / m2 ..................................................................... € 9.90 / m2 INVESTMENT PROPERTY ............... € 1,350 to € 2,450 / m2 In this district, 539 changes of ownership were registered in the land registry in 2017, with a total sales value of approx. € 129 million.

First Vienna Residential Market Report | 2018 52 1180 WÄHRING TRUE VIENNA VALUES T HE EIGHTEENTH DISTRICT has a reputation for being a rareﬁed uptown district, whereas Währing has a signiﬁcant num- ber of Wilhelminian buildings near the Vienna Beltway (“Gürtel”). Even so, young and old come together in Währing – at the Kutschkermarkt as one of the last street markets of Vienna, or in popular recreation destina- tions such as Türkenschanzpark and Pötzleinsdorfer Schlosspark. The Uni- versity of Natural Resources and Life Sciences (BOKU) has had a signiﬁcant impact on the district by attracting many students that liven up the district. × SPECIAL FEATURES OF DISTRICT HOT SPOTS RAISED QUALITY OF LIVING Pötz- leins- dorf Schaf- berg Krottenbachstraße Gersthofer Straße Türken- schanz- park Währinger Cottage Gersthof Good infrastructure, lots of parks, and its proximity to the Vienna Woods set Währing apart, turning the district into one of the most desirable and expensive residential districts in Vienna. This explains why neighbourhoods such as Kutschkermarkt, Währinger Cottage, Türkenschanzpark, Pötzleinsdorf, and Schafberg are so popular. New projects are developed more in the western areas of the district or on the border to the Seventeenth District. Währinger Straße U Nußdorfer Straße Kutsch- kermarkt U Währinger Straße HOUSING COSTS (PRICE/m2) OWNER-OCCUPIED FIRST OCCUPANCY OTHER ............................................. € 5,500 / m2 ................................................................. € 3,650 / m2 RENTED FIRST OCCUPANCY OTHER .............................................. € 12.60 / m2 ................................................................... € 10.70 / m2 INVESTMENT PROPERTY .............. € 2,100 to € 4,000 / m2 In this district, 593 changes of ownership were registered in the land registry in 2017, with a total sales value of approx. € 203 million.

First Vienna Residential Market Report | 2018 54 1190 DÖBLING NOBLESSE OBLIGE T HE NINETEENTH DISTRICT with its Vienna Woods villas is one of Vienna’s more exclusive districts alongside Hietzing and Währing. Even so, the population structure in Döbling is more balanced than many would think due to the plentiful public housing such as at Karl-Marx-Hof as well as cooperative housing apartment buildings. Döbling has beautiful places to see such as Hohe Warte, Kahlenberg, and Leopoldsberg, and Himmel is also worth a visit. Höhenstraße, Vienna’s longest street, provides an ideal way of getting there. × SPECIAL FEATURES OF DISTRICT EXCLUSIVE LIVING Döbling, the upmarket district of Vienna, still sees a lot of demand even with the high prices in parts. High-quality residential projects are currently in development on Grinzinger Allee. In addition, there are already plans for further development around Muthgasse and north of Gunoldstraße. Hot spots in the district still include Grinzing, Sievering, Hohe Warte, and Oberdöbling. HOT SPOTS Cobenzlgasse Nußdorf Sievering Grinzing Sieveringer Straße Hohe Warte U Heiligenstadt Heiligenstädter Straße Krottenbachstraße Ober - döbling Oberdöbling Krottenbachstraße U Spittelau Döblinger Hauptstraße U Nußdorfer Straße HOUSING COSTS (PRICE/m2) OWNER-OCCUPIED FIRST OCCUPANCY OTHER ............................................. € 6,000 / m2 ................................................................. € 3,950 / m2 RENTED FIRST OCCUPANCY OTHER .............................................. € 13.00 / m2 ................................................................... € 10.90 / m2 INVESTMENT PROPERTY ............... € 2,150 to € 4,500 / m2 In this district, 667 changes of ownership were registered in the land registry in 2017, with a total sales value of approx. € 264 million.

First Vienna Residential Market Report | 2018 56 1200 BRIGITTENAU BE-AU-TIFUL! T HE YEAR 1900 SAW BRIGITTENAU hived off from Leopold stadt, with Augarten as the only remaining link between the two districts up to today. The Twentieth District attracts Viennese townsfolk and guests alike due to its proximity to Danube Island, as the population structure shows. This is also reﬂect- ed in the infrastructure from long-established handicraft businesses and traditional restaurants to shops and restaurants from all over the world. × HOT SPOTS SPECIAL FEATURES OF DISTRICT BETWEEN DANUBE AND DONAUKANAL Located between the Danube and Donaukanal, Brigittenau is often referred to as an island. This mainly attracts the young urban popu- lation appreciating the district’s quick and convenient connection to the city centre on the one hand, and proximity to nature with the nearby Danube Island on the other. The largest current construction project in Brigittenau is the site of the former Nordwestbahnhof station which will be developed into a new district. Another hot spot is the area around the Friedensbrücke bridge with Wallensteinplatz. Adalbert-Stifter-Straße U Handelskai U Spittelau U Jägerstraße Traisengasse U Dresdner Straße Brigittaplatz Wallen- stein- platz U Friedensbrücke Augarten Nord- westbahn- hof HOUSING COSTS (PRICE/m2) OWNER-OCCUPIED FIRST OCCUPANCY OTHER ............................................. € 3,800 / m2 ................................................................ € 2,500 / m2 RENTED FIRST OCCUPANCY OTHER .............................................. € 10.50 / m2 ..................................................................... € 9.60 / m2 INVESTMENT PROPERTY ............... € 1,200 to € 2,400 / m2 In this district, 1,781 changes of ownership were registered in the land registry in 2017, with a total sales value of approx. € 311 million.

First Vienna Residential Market Report | 2018 58 1210 FLORIDSDORF “FLODO” F LORIDSDORF IS KNOWN for its village structures, and its winegrower’s inns and alleys typical of areas such as Stammers- dorf and Strebersdorf. Even so, the Twenty-First District has plentiful public housing such as Großfeldsiedlung and current revamping projects around Floridsdorfer Spitz bringing up the district’s value. Floridsdorf provides extensive recreational opportunities such as the Danube Island and the Old Danube to make up for its remoteness from the city centre. × HOT SPOTS SPECIAL FEATURES OF DISTRICT Strebersdorf Brünner Straße Prager Straße Leo- poldau U Leopoldau Jedlersdorf Siemensstraße U Großfeldsiedlung A22 Brünner Straße U Aderklaaer Straße Am Spitz U Floridsdorf U Neue Donau Alte Donau A GROWING DISTRICT The Floridsdorf population is growing due to prices that are still within relatively easy reach, and also has generous amounts of space for development. Good public transport links by local train and metro have also raised the Twenty-First District’s attractiveness. Numerous new construction projects are further set to increase the district’s value. The most popular hot spots for home seekers are to be found around the Old Danube up to Floridsdorfer Spitz and along Brünner Straße with the future Krankenhaus Nord, or northern hospital. New urban development projects are also providing fresh impetus in Leopoldau. HOUSING COSTS (PRICE/m2) OWNER-OCCUPIED FIRST OCCUPANCY OTHER .............................................. € 3,700 / m2 ................................................................ € 2,550 / m2 RENTED FIRST OCCUPANCY OTHER .............................................. € 10.60 / m2 ..................................................................... € 9.60 / m2 INVESTMENT PROPERTY ................ € 1,050 to € 1,950 / m2 In this district, 888 changes of ownership were registered in the land registry in 2017, with a total sales value of approx. € 196 million.

First Vienna Residential Market Report | 2018 60 1220 DONAUSTADT THE NEW TOWN D ONAUSTADT is the largest district in Vienna by area, and the second-largest by population after the Tenth District. The Twenty-Second District is also highly varied with large housing estates such as Trabrennbahngründe, estates with detached houses, Donau-City with its office and residential high-rises, and Seestadt Aspern. The district is home to the major recreational areas and natural reserves, Lobau and Old Danube, which are easy to reach using the U1 and U2 metro lines, or by car. × SPECIAL FEATURES OF DISTRICT U Rennbahnweg U Kagraner Platz AFFORDABLE HOUSING IN DONAUSTADT Alte Donau Donau- Wagramer Straße U Kagran U Alte Donau U Kaisermühlen VIC City U Donauinsel U Seestadt U Hausfeldstraße U Aspern Nord Donaustadt has numerous residential project developers working on the district, usually in developments at more affordable prices – and not only in Seestadt Aspern, but also in Donau-City as well as around Kagraner Platz and along Wagramer Straße. The district’s hot spots include the Old Danube, the area around the Donau-City, and Seestadt Aspern, which has already developed into a town in its own right. Seestadt Aspern U Aspernstraße U Hardeggasse U Donauspital U Stadlau U Donaustadtbrücke Rafﬁneriestraße HOT SPOTS HOUSING COSTS (PRICE/m2) OWNER-OCCUPIED FIRST OCCUPANCY OTHER ............................................. € 3,800 / m2 ................................................................ € 2,550 / m2 RENTED FIRST OCCUPANCY OTHER .............................................. € 10.70 / m2 ..................................................................... € 9.60 / m2 INVESTMENT PROPERTY ............... € 1,000 to € 1,650 / m2 In this district, 1,506 changes of ownership were registered in the land registry in 2017, with a total sales value of approx. € 389 million.

First Vienna Residential Market Report | 2018 62 1230 LIESING VIENNESE MIX T HE TWENTY-THIRD DISTRICT features lots of green space for a high quality of life for residents in Liesing; indeed, the Vienna Woods make up around fourteen percent of the district’s area. Then there is the Liesingbach brook and the great recreational value it offers on its banks, and some remaining village structures with their vineyards and wine taverns. Another feature of the district is that it has well-connected residential areas such as Siebenhirten and industrial estates, e.g. in Inzersdorf. × SPECIAL FEATURES OF DISTRICT BRIDGE BETWEEN CITY AND COUNTRY Vienna‘s newest district is very diverse and popular due to its location between the city and surrounding countryside. Liesing shows especially great potential for growth to the east of the district with many former industrial areas to be rezoned into residential neighbourhoods. There are already actual plans for two large development areas – “In der Wiesen” south of Erlaa, and in the Atzgersdorf area of the district. New residential space is also in development for seven park villas on the former Rosenhügel ﬁlm studio site. Liesing’s hot spots are Mauer, the area around Liesinger Platz, and along Breitenfurter Straße. Breitenfurter Straße HOT SPOTS Mauer Breitenfurter Straße Atzgersdorf Brei ten- furter Straße U Alterlaa Erlaaer Straße U Erlaaer Straße Altmannsdorfer Straße U Perfektastraße Liesinger Platz Liesing Brunner Straße U Siebenhirten HOUSING COSTS (PRICE/m2) OWNER-OCCUPIED FIRST OCCUPANCY OTHER .............................................. € 3,750 / m2 ................................................................. € 2,750 / m2 RENTED FIRST OCCUPANCY OTHER .............................................. € 10.50 / m2 ..................................................................... € 9.70 / m2 INVESTMENT PROPERTY ................ € 1,050 to € 1,950 / m2 In this district, 1,041 changes of ownership were registered in the land registry in 2017, with a total sales value of approx. € 292 million.

First Vienna Residential Market Report | 2018 64 BUWOG GROUP PROJECTS OR PRIVATE GARDEN →→→ 130 OWNER-OCCUPIED FREEHOLD APARTMENTS →→→ EACH UNIT WITH A BALCONY, TERRACE, →→→ APARTMENT SIZES 55 TO 116 m² →→→ RESIDENTS’ UNDERGROUND GARAGE WITH 90 SPACES →→ WWW.RIVUS.BUWOG.COM HOME IS WHERE THE HEART IS RIVUS II / 1230 VIENNA, WALTER-JURMANN-GASSE 2B A STATE-OF-THE-ART RESIDENTIAL PARK with a total of 500 units in the well-connected outskirts is in development in the Atzgers- dorf area of the district. The RIVUS general project is speciﬁcally aimed at families, nature lovers, and urbanites with innovations that Vienna has never seen before such as a school with a sports court on the roof of a supermarket. The RIVUS location features a perfect combination of green space and the beneﬁts of city life. APART FROM LIESING’S partly rural character and Atzgersdorf dominated by the Liesingbach valley, the district is also home to Lainzer Tiergarten and Wienerberg. Part of this unique city district, the RIVUS II sub-project stands out with a hundred and thirty privately ﬁnanced free- hold apartments, each with an open space such as a balcony, terrace, or private garden, with apartment sizes ranging from 55 to 116 m² with one to three bedrooms. THE PROJECT’S CONSTRUCTION has been graded at energy performance factor A. The entire development is equipped with an underground garage. Children’s playgrounds and pram rooms round off the family-friendly facilities. Unusual for this type of location, RIVUS has perfect transport links and infrastructure. There is a bus stop right in front of the BUWOG project; the bus ride to the local train stations at Atzgersdorf and Wien-Meidling takes a few minutes. Shopping fa- cilities, pharmacies, and doctors are located on Breitenfurter Straße, and a variety of dining establishments and wine taverns can be found in Atzgersdorf itself or neighbouring Mauer. × 1 7 0 - 0 7 0 E E G , , f , 1 8 1 - 6 5 1 : , B W H e g n a h c o j t t c e b u s , 8 1 0 2 y r a u r b e F : f o s a t c e r r o C

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65 First Vienna Residential Market Report | 2018 MODERN LIVING IN THE 15TH DISTRICT 1150 VIENNA, PFEIFFERGASSE 3 – 5 PROJEKTE BUWOG GROUP BUWOG GROUP PROJECTS URBAN LIVING in a friendly, quiet corner of the city – the new BUWOG apartment project Wohnzeile15 promises a quiet, yet central location in Rudolfsheim-Fünfhaus near the borders to Hietzing and Meidling districts. Located directly on Sechshauser Park, the project will give future resi- dents an uninterrupted view of the greenery right outside the front door. The Fifteenth District and Pfeiffergasse 3-5 location in particular are very well-connected with easily accessible public infrastructure. The U4 and U6 metro lines are a few minutes’ walk away, and Vienna’s city centre is only a short ride on the metro from there. WOHNZEILE15 COMBINES ideal urban living with a quiet neighbour- hood atmosphere including space for recreation. Nearby Reindorfgasse is a magnet for artists and creatives. There is also a selection of local shops in the immediate vicinity. Naschmarkt is only a few metro stops away, with its wide variety of restaurants, night spots, and diverse leisure activities. The Schön- brunn palace gardens are a short distance away, and provide an ideal route for joggers. The Wohnzeile15 project provides 209 freehold apartments for owner-occupiers or investors. There are already apartments available with one to three bedrooms on smart ﬂoor plans with modern ﬁttings. × e g n a h c o j t t c e b u s , 8 1 0 2 y r a u r b e F : f o s a t c e r r o C →→→ 209 FREEHOLD APARTMENTS FOR OWNER-OCCUPIERS OR INVESTORS →→→ 1 TO 3-BEDROOM APARTMENTS: APPROX. 42 TO 100 m² FLOOR SPACE →→→ BALCONY, LOGGIA, TERRACE, OR PRIVATE GARDEN →→→ LOW-ENERGY HOUSE, EFFICIENCY CLASS A →→→ 109 SPACES IN THE UNDERGROUND CARPARK, →→→ WWW.PFEIFFERGASSE.BUWOG.COM 3 MOTORCYCLE PARKING SPACES a ² m / h W k 5 8 2 2 : , 5 . r N O B W H , a ² m / h W k 3 6 2 2 : , 3 . r N O B W H

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BUWOG GROUP PROJECTS LIVING BY VIENNA’S RIVER WIEN 1120 VIENNA, RECHTE WIENZEILE 229 BEAUTIFULLY FURNISHED CITY APARTMENTS are under construction right on Rechte Wienzeile not far from Schönbrunn Palace. The 144 freehold apartments for owner-occupiers and inves- tors will have one to three bedrooms, each with about 46 to 107 m² living space and a balcony, terrace, or loggia as well as private resi- dents’ open spaces to relax and recuperate. Elegant ﬂoor plans ensure that all of the residents can create their own individual realm. The City Apartments project is ideally located for those looking to enjoy the liveliness of Wienzeile and a cosy place to retreat in their own homes. PUBLIC TRANSPORT is ideal at the City Apartments with the U4 metro line and four bus lines – 9A, 10A, 15A and 63A – in the imme- diate vicinity quickly taking residents to everywhere in Vienna, and the city centre within minutes. It takes a few minutes’ drive to reach the A1 motorway (Hadikgasse exit) or A2 (Grünbergstraße exit) from the residents’ underground carpark. The area around the City Apart- ments provides a variety of daily services such as doctors, government agencies, supermarkets, and schools, which are quickly and easily ac- cessible. The City Apartments are also an ideal starting point for recre- ational activities such as jogging in the Schönbrunn parks, shopping on Meidlinger Hauptstraße, or a visit to one of the nearby gyms. × j e g n a h c o t t c e b u s , 8 1 0 2 y r a u r b e F : f o s a t c e r r o C OWNER-OCCUPIERS OR INVESTORS →→→ 144 FREEHOLD APARTMENTS FOR →→→ BALCONY, LOGGIA, TERRACE, →→→ →→→ WWW.CITYAPARTMENTS.BUWOG.COM OR PRIVATE GARDEN IDEAL INFRASTRUCTURE AND TRANSPORT CONNECTIONS a 2 m / h W k 8 1 9 1 , B W H

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67 First Vienna Residential Market Report | 2018 DISCOVER SOMETHING SPECIAL 1220 VIENNA, MARIA-TUSCH-STRASSE 24 BUWOG GROUP PROJECTS ESCAPE THE RAT RACE and dive into one of Europe’s most exciting new development areas – SeeSee Home, a sophisticated, yet affordable housing project to give you plenty of room to check out from the hustle and bustle of everyday life as if you were taking a holiday. The BUWOG Group is currently developing seventy-eight owner-occupied freehold apartments on seven ﬂoors set in the fascinating surroundings of Maria- Tusch-Straße, heart of Seestadt Aspern. The apartments all have private open spaces such as balconies, loggias, or terraces for future residents to look out over the Seepark lakeside park. IT TAKES A MINUTE to walk to the 5.4 hectares of groundwater-fed lake for a stroll. The unusual terraced architecture of the SeeSee Home residential project brings the great tradition of Viennese terraced archi- tecture to a new level (literally) while making the best use of the available open spaces. SeeSee Home ensures excellent quality of living with the customary high-quality ﬁttings in the BUWOG apartments and a wide variety of recreational and outdoor activities throughout the Seestadt district. There are also a few extras in this project: a day-care centre with ﬁve play groups has been planned for the ground ﬂoor of the apartment building. The project also draws on modern living trends with modern postboxes, and a bicycle and doggy wash station. In addition to the seventy- eight owner-occupied freehold apartments with one to four bedrooms each on around 50 to 114 m² of ﬂoor area, there will be seventy-seven car parking spaces available in the residents’ underground carpark. × e g n a h c o j t t c e b u s , 8 1 0 2 y r a u r b e F : f o s a t c e r r o C →→→ 78 OWNER-OCCUPIED FREEHOLD APARTMENTS →→→ 1 TO 3 BEDROOMS, APPROX. 47 TO 114 m² FLOOR AREA →→→ PRIVATE OPEN SPACE FOR EACH RESIDENT: BALCONY, LOGGIA, OR TERRACE →→→ LAKE APPROX. 1 MINUTE AWAY →→→ WWW.SEESTADT.BUWOG.COM 7 5 8 0 . , a c E E G f , a . ² m / h W k 3 6 9 1 . a c , B W H

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First Vienna Residential Market Report | 2018 68 BUWOG GROUP PROJECTS APARTMENTS PLANNED →→→ 43 OWNER-OCCUPIED FREEHOLD →→→ 1 TO 2-BEDROOM FLATS ON 50 TO 150 m² FLOOR AREA →→→ TERRACE, BALCONY, OR LOGGIA →→ GYM ON FIRST FLOOR →→ WWW.GRINZINGERALLEE.BUWOG.COM AWAY FROM THE DAILY GRIND 1190 VIENNA, GRINZINGER ALLEE 6 – 8 THE NINETEENTH DISTRICT is the elegant jewel in the crown of Vienna. Surrounded by vineyards and the Vienna Woods, Döbling has suc- ceeded in blending city life with a village atmosphere. Vienna’s world-famous wine taverns are just as close by as the city centre. BUWOG Group developed the internationally acclaimed Pfarrwiesengasse 23 project in this unique area. THE LONG-AWAITED sister project Grinzinger Allee is now due to start, with forty-three exclusive units in modern, sophisticated architecture and a gym on the ﬁrst ﬂoor. One of this project’s special features is that it borders on Strauß- Lanner-Park, which has all the beneﬁts of a neighbouring recreational area. ALL OF THE OWNER-OCCUPIED FREEHOLD apartments in the Grinzinger Allee project will come with quality ﬁttings; most will also in- clude an open space such as a terrace, balcony, or loggia. The residential property has one and two-bedroom apartments on a ﬂoor area of around 50 to 150 m².The site features excellent infrastructure with good public transport connections. Stops for the 38 tram line and 39A bus line are a few steps away from the Grinzinger Allee project, as is the Oberdöbling regional railway station. An underground carpark will provide future residents with thirty-ﬁve parking spaces, some equipped with charging stations for electric cars. × , 7 7 0 E E G f , 9 1 B W H e g n a h c o j t t c e b u s , 8 1 0 2 y r a u r b e F : f o s a t c e r r o C

EHL IMMOBILIEN PROJECTS IN FOUR BUILDINGS →→ MORE THAN 100 OWNER-OCCUPIED APARTMENTS →→→ 1 TO 4-BEDROOM APARTMENTS WITH 60 TO 186 m² FLOOR AREA →→→ ORIGINAL CONDITION OR REFURBISHED →→ QUALITY FITTINGS →→ PRIVATE OPEN SPACE IN EVERY UNIT →→ COMPLETION IN SPRING 2019 ACCORDING TO REQUIREMENT COUNTRY LIFE WITH A VIEW OF THE CITY UPPER WEST 119 / 1180 VIENNA, GERSTHOFERSTRASSE 119 THE UPPER WEST 119 PROJECT, a revamped building initially built in 1990, is currently in development right in the heart of Gersthof, where urban city architecture meets the upmarket Pötzleinsdorf neigh- bourhood. than 12,000 m² will house more than a hundred units with varying sizes and ﬂoor plans, either left as they are or completely refurbished accord- ing to requirement. THE BUILDING COMPLEX was planned by famous Viennese archi- tect legend Harry Glück, and refurbished according to the highest stan- dards. Four buildings with different sizes and ﬂoor plans totalling more THE 1 TO 4-BEDROOM APARTMENTS have ﬂoor areas of 60 to 186 m²; all are equipped with quality ﬁnishes and private open spaces such as gardens, balconies, or terraces. There are two expansive parkland areas, and a variety of local shops and services in the immediate vicinity. ×

First Vienna Residential Market Report | 2018 74 CLOSING WORDS VIENNA, THE CITY OF MY DREAMS “What developments can we expect in the housing market? It’ll be interesting to ﬁnd out! We’ll be reporting on upcoming developments again in the First Vienna Residential Market Report for 2019.” FROM THE IMPERIAL FLAIR OF BYGONE TIMES to lovingly restored old buildings in charming neighbourhoods to innovative archi- tecture and young and trendy districts, Vienna has the variety of human habitats that many can only dream of. Apart from that, the Austrian capital is one of the world’s greenest cities. High social standards, good infrastructure and an extensive cultural programme turning Vienna into such an attractive hot spot have all contributed to the city’s position as having the highest quality of living worldwide for the eighth time in a row according to the latest Mercer study. Quality of life that includes quality of living – an increasingly important factor in the face of in- creasing population and residential space density. MAKING LIVING DREAMS COME TRUE – we at BUWOG Group and EHL Immobilien see this as our mission, and we are proud to provide our collective expertise in the current issue of the First Vienna Residential Market Report. The report contains carefully researched facts and ﬁgures on the current situation in Vienna together with an assessment of developments and trends in all twenty-three districts – information we feel could make a signiﬁcant contribution in selecting an ideal resi- dential property. EHL Immobilien and BUWOG Group have decades of experience in the housing market, and both place high importance on ecological and sustainable action in the market – living itself is a long- term proposition. We have included social, environmental, and economic effects in all our projects. ×

First Vienna Residential Market Report | 2018 76 APART FROM CONSUMER BEHAVIOUR and lifestyle, fundamen- tal underlying attitudes play a major role in shaping living environments. Every Viennese district has its own speciﬁc features that appeal to some groups more than others. This report draws on those Sinus Milieus® speciﬁcally prominent for each individual district compared to the Vienna average. These milieu concentrations have been calculated for the entire district in question, so deviations in individual parts of the district are entirely possible. THE DIAGRAM ON PAGE 13 shows the current group landscape with each group’s position in Austrian society. The X-axis shows basic orientations in each group within society. Traditional values (A) indicate the pursuit of order and personal responsibility. Modern values (B) include the need for individualisation and self-actualisation, amongst other values. Re- orientation (C) reﬂects modern society’s distinction between pragmatism and multiple optionality as well as refocusing and looking for new synthe- ses. The Y-axis shows the social situation of each grouping as distinguished by upper class (1), middle class (2), and lower class (3). A higher position for a certain group on the Y-axis reﬂects high levels of education, income, and professional situation, while positioning towards the right reﬂects more current socio-cultural basic orientation in the respective group. Refer to www.integral.co.at for more information on Sinus Milieus®. × SMALL PRINT comes in large print. Please ﬁnd below comments and explanations of some terms used in this report. ALL PRICES QUOTED FOR THE VARIOUS DISTRICTS OF VIENNA refer to square metres of net floor area (i.e. not including loggias, etc.). ALL REFERENCES TO PERSONS in this text are intended to refer to both genders. SALES PRICES are full ownership prices per square metre of net ﬂoor area, not including service and maintenance costs. SOURCE DATA RENTS are quoted net, exclusive of taxes and service charges. DEFINITIONS THE TERM “FIRST OCCUPANCY” in relation to prices refers to new ly built apartments. “OTHER” refers to tenancies and sales of second-hand homes. THE TERM “HOTSPOTS” refers to areas and quarters in the various districts where there is a particularly high demand for properties from both prospective tenants and buyers. × EVERY EFFORT has been made to ensure the accuracy of informa tion in this report. Certain topics are, however, quite complex and subject to constant change. The housing market in Vienna is extremely dynamic and prices vary greatly from area to area. While certain locations are in high demand at the moment, this might change quickly. IN OUR ANALYSIS OF THE HOUSING MARKET, we relied mainly on up-to-date data provided by Statistics Austria, the state statistics ofﬁce, and information obtained from the City Government of Vienna, unless a different source is named. PRICES IN AUSTRIA, older buildings (i. e. non-subsidised buildings constructed with planning permission before 1953 and owner-occupied houses built with planning permission prior to 1945) are subject to the full scope of the Austrian Tenancy Act. This means that rents are not subject to normal market forces of supply and demand, but are basically ﬁxed (to what is known as an “adequate rent” or “guideline rent”). Such rents are not taken into account in our report.